Waaree Renewable Technologies Limited has informed the Exchange about Update on disclosure submitted on 27th November 2024 and 20th June 2025. We are pleased to inform that the Company has received further revised scope of work under the existing contract for execution of Engineering, Procurement and Construction (EPC) works.
WAAREERTL · price
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Waaree Renewable Technologies has received a revised scope of work under an existing EPC contract for a 2012.47 MWp ground-mounted solar PV project. The commercial order value has been enhanced by Rs. 29.65 crore, taking the total contract value to Rs. 1,510.06 crore (excluding taxes). The aggregate capacity remains unchanged at 2012.47 MWp, and the original terms and conditions of the contract stay the same. The order has been awarded by a domestic entity, with no related party involvement and no promoter interest in the awarding party. The execution timeline is to be mutually decided between the parties.
The order value addition of Rs. 29.65 crore is incremental and modestly positive, but the underlying contract of over Rs. 1,510 crore highlights a strong order book visibility for the company. This reinforces the company's position in the domestic solar EPC space and is likely to be viewed positively by investors.